MCKINNEY — Collin County homeowners will pay a higher county property tax rate starting Oct. 1 after commissioners approved the first rate increase in 33 years.
The Collin County Commissioners Court voted 4-1 on Monday to adopt the fiscal 2027 budget and tax rate, KERA News and The Dallas Morning News reported. The new rate is about $0.151 per $100 of assessed value, up about 2.4% from about $0.149 per $100, according to those reports and county budget figures cited by KERA.
County Judge Chris Hill cast the only no vote, citing the impact on taxpayers. Hill has opposed the budget and tax rate in recent years and proposed department cuts of about 2.67% plus skipping employee raises. That motion failed, KERA reported.
The rate increase is expected to add about $16.3 million in property tax revenue, according to county budget documents cited by KERA. The Dallas Morning News reported county taxes on the median home would rise by about $63 compared with last year.
KERA, citing those documents, said the median home value used in this year’s budget was $517,911. A median homeowner with a homestead exemption would pay about $744.98 in county property taxes under the new rate, compared with $682.10 last year when the median value was listed at $480,773.
Bills had already been climbing even when the rate stayed flat, because home values rose. Commissioners Susan Fletcher and Darrell Hale said employee raises are needed to recruit and keep staff at market rates and that departments already run lean budgets, according to KERA. Hale has said the county’s fast growth leaves little room for deeper cuts. A Texas Public Policy Foundation study cited by KERA found Collin County spending trailed population and inflation growth from 2015 to 2025.
The county tax is only one line on a property tax bill. Cities, school districts and other entities set their own rates. The adopted county rate takes effect with the fiscal year that begins Oct. 1.
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